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Did You Know?


DID YOU KNOW? U.S. property sales to Chinese buyers saw a 4% drop from 2017 to 2018, according to Chinese foreign property sales site Juwai.com. Chinese buyer enquiries on U.S. property were down 27.5% in the first quarter of 2019 from the comparable year-ago period according to Juwai.com. China’s tightening grip on capital outflows has cast a shadow over outbound investment.....and our own intel says many Chinese investors are betting on equities in China rising once a trade deal is reached, so they have their capital parked there till then....hopefully a deal is reached soon! (CNBC)
 
DID YOU KNOW? A Realtor.com study found that there is a large gap between the home price buyers are looking for and the listed prices. Half of today’s home shoppers want to purchase a property for under $288,000, the study found, based on an analysis of Realtor.com home-search data. That’s 9.1%, or $27,000, below the median price of homes currently on the market. Closing that gap won’t come easily. Realtor.com estimated that roughly 94,000 homes priced between $100,000 and $340,000 would need to be put up for sale to achieve equilibrium. However, that would represent a 15% increase in the number of listings in this price range – homes priced above $750,000 is currently where inventory is growing the most, and even then there are only 11% more homes for sale in that price tier. (Marketwatch)



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